$30,000
in 1829 →
$813,025.81
in 2018

Inflation Calculator

U.S. Inflation Rate, $30,000 in 1829 to 2018

According to the Bureau of Labor Statistics consumer price index, prices in 2018 are
2,610.09% higher than
prices in 1829.
The dollar experienced an average inflation rate of 1.76% per year during this period.

In other words, $30,000 in 1829 is equivalent in purchasing power to $813,025.81 in 2018, a difference of $783,025.81 over 189 years.

The 1829 inflation rate was -2.11%. The current inflation rate (2017 to 2018) is now 2.18%1. If this number holds, $30,000 today will be equivalent to $30,652.98 next year.
The current inflation rate page gives more detail on the latest official inflation rates.

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £30,000.00 in 1829 would be equivalent to £3,198,850.08 in 2018, an absolute change of £3,168,850.08 and a cumulative change of 10,562.83%.

Compare these numbers to the US's overall absolute change of $783,025.81 and total percent change of 2,610.09%.

Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1829 and 2018.

$30,000 in 1829 has the same "purchasing power" or "buying power" as $813,025.81 in 2018.

To get the total inflation rate for the 189 years between 1829 and 2018, we use the following formula:

CPI in 2018 - CPI in 1829CPI in 1829

×

100

=

Cumulative inflation rate (189 years)

Plugging in the values to this equation, we get:

252.038 - 9.39.3

×

100

=

2,610%

News headlines from 1829

Politics and news often influence economic performance. Here's what was happening at the time:

Robert Peel founds the London Metropolitan Police

William Austin Burt patents the typographer.

Suttee, the tradition of a widow burning herself to death on her husband's funeral pyre, outlawed in India by Great Britain

Data Source & Citation

Raw data for these calculations comes from
the Bureau of Labor Statistics'
Consumer Price Index
(CPI), established in 1913. Inflation data from 1665 to
1912 is sourced from a historical study conducted by political science
professor Robert Sahr at Oregon State University.

You may use the following MLA citation for this page:
“$30,000 in 1829 → 2018 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 19 Dec. 2018, https://www.officialdata.org/1829-dollars-in-2018?amount=30000.